Strategy Buys 950 BTC and Spends More Buying Back STRC
Strategy bought another 950 BTC for $75.7 million, lifting its total holdings to 846,000 BTC as the cryptocurrency moved above the company’s latest purchase price.
Key Takeaways
- Strategy paid $75.7 million for 950 BTC.
- The purchase used cash, not weekly ATM proceeds.
- Holdings increased by only about 0.1%.
- STRC buybacks exceeded spending on Bitcoin.
Strategy buys 950 BTC without using its ATM programs
Strategy acquired 950 BTC between September 14 and September 20 at an average price of $79,670 per coin, including fees and expenses, according to its September 21 filing with the US Securities and Exchange Commission.
The filing identifies “USD Cash” as the source of the $75.7 million purchase. It does not connect the acquisition to a stock or debt sale completed during the same reporting period.
Strategy also reported no sales through its at-the-market, or ATM, programs that week. These programs allow the company to sell common or preferred shares gradually at prevailing market prices. In this case, Strategy added Bitcoin without recording fresh ATM proceeds alongside the purchase.
Spent on 950 Bitcoin
Spent repurchasing STRC shares
ATM proceeds reported for the week
The latest Bitcoin was bought below Monday’s market price
Bitcoin traded near $85,000 at approximately 12:15 UTC on September 21 after moving above its May 2026 high. That market price was about 6.7% above the $79,670 average paid for Strategy’s latest batch.
The difference is not a realized profit because Strategy continues to hold the coins. It only compares the market price at that moment with the average cost of the 950 BTC acquired before September 21.
The purchase increased Strategy’s position by roughly 0.1%, so it did not materially change the company’s exposure to Bitcoin. For scale, privately held SpaceX reportedly owns 18,712 BTC, while Strategy’s 846,000 BTC position is more than 45 times larger.
Strategy has acquired 950 $BTC and repurchased $174M of $STRC. As of 9/20/26, we hold 846,000 BTC and $6.09B of USD Assets. $MSTR https://t.co/hP4yLlKlOE
— Michael Saylor (@saylor) September 21, 2026
Strategy’s total Bitcoin cost reaches $63.8 billion
The filing places Strategy’s aggregate Bitcoin acquisition cost at $63.8 billion and its overall average purchase price at $75,416 per coin, including fees and expenses.
At $85,000 per Bitcoin, the 846,000-coin position would be worth approximately $71.9 billion. That is about $8.1 billion, or 12.7%, above the reported cost basis. Both figures are unrealized and would change immediately with Bitcoin’s price.
Strategy ended September 20 with $1.05 billion in USD Cash and a separate $5.04 billion reserve for preferred-stock dividends and interest payments. During the week, it used $57.4 million from that reserve for dividends and debt interest.
The financing choice matters more than the purchase size
The 950 BTC addition was small beside Strategy’s existing holdings. The more revealing part of the filing is how the company allocated cash while making it.
Strategy spent $174 million repurchasing 1.77 million shares of its STRC preferred stock—more than twice the amount spent on Bitcoin. The filing therefore records two separate uses of cash: expanding the BTC position and reducing the amount of STRC outstanding.
One week does not establish a new financing pattern. However, the purchase shows that Strategy can continue adding Bitcoin without relying on ATM sales in every reporting period. Its next filing will indicate whether this was an isolated cash-funded acquisition or part of a longer sequence.
This article is provided for informational purposes only and does not constitute financial or investment advice. Bitcoin prices and the value of corporate holdings can change rapidly.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
